The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-12-18
THE DEBT SETTLEM ENT.
CONFERENCE BETWEEN NR. ROYALL
AND THE FINiNcE COMMITTEES.
No Pres Nen Admitted. But We Get
There Al the same Mr.. Eo,all Mskes a
Proposition 20 ue Considered Monday.
Various Opinions.

Ina accordance with the announcement
In Yesterdays TiuEs. there was
a conference between Nr. William l..
Royal ard ihe Joint Finance Committee
of both houses Of the Legislature, yester-
day morning at 10 o'clock. Several
newspaper men-th0se argus-eyed and
nimble- handed instructors OF the public
were on hand to see and hear all that
was to be learned, hut, after discussion
on the part 0fihc conferees, Il was decid-
cd that 10 would be better 20 hold the
meetings in secret, and SO the press in
iruders were politely, bnt firmly, reques-
'ed 20 get, and they got.
But it II great deal easier 20 dam
James river than 10 is 10 keep peni up
the determination Of the active modern
Journalist, and 80 il was not very long
before the substantial result Of the con-
ference was In the hands 1f the chiel who
takes notes and prents EN-, and !, was as
follows
vH. ROYAL PROPOSES.
As FAR as learned. Mr.. ROYAL made a
proposition 90 the Joint Committee that
il me State would suspend hoslililies for
thirty days the bondholders would DO
likewise. ln The meantime he would go
fO Europe and present t0 bis clients the
basis of q .efflemcn. uf the veXa.ious
debt problem. which he believes will be
satisfactory i0 both pariie,
mE PROPOSITION To uE CONSIDERED.
when The proposition was presented
considerable discussion cnsued, and 10
was finally decided iO appoint a commit
tee which would take The matter into con-
.idofaion. and draft resolution in re-
lafion thereto tO De- submitted 90 The
ioinf conference tomorrow for their
approval or otherwise. II they approve,
Mr. Royal Will go 40 AN early date io see
bis clients. and ihe debt question will
probably soon ne satisfactorily adjusted.
WHAT THrY SAY.
When the terms of the proposition was
first made known a representative Of The
TINES called on a number Of members OF
Legislature. and their opinion as to the
merits of the plan was asked. They diff
fered materially. Some said they thought
IL would be a great mistake 90 have any
further legislation on the debt question
as IL was in fair way TO solve itself, and
the less said about Ii by this Legislature
the better. They c0niended that fur
ther parlev with the creditors would be-
productive OF more harm than good, and
that 10 would Dee better to lei well enough
alone
ON the other hand it was conicnded.
and with grea; good sense. that Mr..
Royall proposition should be- accepted.
n The debt question was lcft severely
alone there would always be- more or
less of complications attending DO. and
Virginia would never Dee free from cm-
harrassmcnts. or escape ihe odium of re-
nudiaii0n until She had O. clear bin of re-
lease from the owners OF Beer obligations.
INTEREST IN THE RESULT
Naturally much interest !, ioli in the
final result of ihIs conference Upon 10
rests whether Or not the debt will be
finally settled and Zee removed as political
factor. or whether 30 will remain as a
hobby on which future politicians and
I icmagoruc, may seek 90 ride into power.